Polyester industry chain: The decline in raw materials suppresses the polyester market trend
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November 27, 2023, 4:26 PM I. the market trend chart of polyester industry chain
On November 27, the market price index of ethylene glycol was 4057.43, down 7.65 from the previous working day.
China's PTA market price index was 5745 on Nov. 27, down 45 percent from the previous working day.
On November 27th, the market price index of polyester chips was 6700, unchanged from the previous working day. The market price index of polyester bottle chips was 6825 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5745 |
5790 |
-45 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4035 |
4040 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4150 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6700 |
6700 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6750 |
6750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7450 |
7450 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8100 |
8100 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8800 |
8800 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7600 |
7600 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.27 |
2023.11.24 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7300 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7350 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China fell narrowly, with a reference of 5745 yuan / ton. This week and next week, the main port delivery 01 litres of water 25-30 near the deal and negotiations. The international crude oil market fell, the commodity market atmosphere weakened, and the PTA futures market continued to pull back. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and the market mentality is cautious. The short-term market is expected to maintain a weak adjustment.
Glycol
Today, the market price of ethylene glycol fluctuates in a narrow range. The market lacks substantive support, the market mentality is cautious, the focus of ethylene glycol market negotiations continues to fluctuate slightly, and the quotation in East China revolves around 4035 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4120 yuan / ton. Ethylene glycol plant shutdown coupled with a slight decline in port inventory, reduced market supply, downstream polyester load remained stable, maintaining rigid demand for stock. The market lacks continuous drive, and the ethylene glycol market is expected to remain volatile in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw material PTA market weakens, the cost end support is insufficient, the polyester chip market offer is stable, the market transaction center of gravity adjusts slightly. Downstream rigid demand for stock-based, market production and marketing in general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market fell, cost-end support weakened, afternoon some bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; downstream cautious follow-up, market trading is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Polyester cost to support the market in general, polyester filament factory quotations remain stable, part of the price narrow adjustment, the market is cautious to wait and see. Downstream rigid demand replenishment, market production and marketing in general. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the polyester staple market is narrowly weak. The decline in the cost side has depressed the market, and the staple fiber market has negotiated a slight price correction. Downstream demand is relatively weak, the market production and marketing is depressed. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 27th PTA main 2401 contract opening price: 5760, lowest price: 5664, highest price: 5768, closing price: 5676, settlement price: 5720, down 90, position: 1092266.
Ethylene glycol: November 27th EG main contract 2401 opening price: 4093, lowest price: 4055, highest price: 4098, closing price: 4059, settlement price: 4075, down 25, position: 402857.
V. production and marketing data of polyester market
|
Product |
2023.11.27 |
2023.11.24 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
55% |
-20% |
% |
|
Polyester filament |
55% |
55% |
0% |
% |
|
Polyester staple fiber |
45% |
40% |
+5% |
% |
VI. Future forecast
The international crude oil market weakens, the cost support is general, the market mentality is cautious, the polyester raw material PTA and the ethylene glycol market supply and demand end support, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust slightly with the cost, the downstream rigid demand stock, the market production and sale is lighter. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.